Yieldstreet closed a $7M preferred equity investment in a special purpose vehicle that is controlled by an experienced Florida based developer. The Sponsor is developing a 368-unit garden-style, multi-family complex and five retail pads on a 33.6-acre parcel of land in Riverview, FL. Although the project experienced initial delays as a result of COVID-19 holding up the permitting process, the project is now progressing as expected. Barring any major setbacks, the construction completion date is anticipated to be July 2022.
3 years ago